Unfair but balanced commentary on tax and budget policy, contemporary U.S. politics and culture, and whatever else happens to come up

Tuesday, October 18, 2005

Latest on the Tax Reform Commission

The New York Times offers a fair amount of detail concerning the Tax Reform Commission's current intentions. No X-tax in it any more, by the way.

Here is the blow-by-blow with comments on each, followed by my general comments at the end:

1) Elimination of state and local tax deductions for individuals - This is probably correct on the merits given the correlation, however crude, between taxes and benefits received from government services. But political suicide in high-tax states that have lots of voters, and I wouldn't expect even Republicans in New York or California to be pleased. If defended as simplification, I'd note that the complexity of allowing the deduction, while not zero, is not terribly high.

2) Limiting the tax benefit for employer-provided health insurance - More political suicide. But here the change is not merely "probably correct on the merits," like the above, but enormously important to create some possibility, however slim, of slowing the runaway rate of rising healthcare expenditures. People who are less over-insured may be more cost-conscious, although then again this is not a very well-functioning consumer market (given lack of good information) even with more cost-consciousness.

3) Death to the alternative minimum tax (AMT) - obviously necessary, unless one instead greatly raises the exemption amounts and indexes it. But the plan might get less political credit for this from voters than its proponents might hope, because the threat of this tax is still a present not a future one for many Americans.

4) Charitable deductions allowed to all (rather than just itemizers), but only to the extent in excess of 1% of income. Probably a good change, eliminating the penny-ante items and given the lack of a good rationale for allowing it to itemizers only if one likes the deduction. Good for the churches, which to me is unfortunate, but that's just my bias.

5) Lower the amount of mortgage loan principal that can trigger deductible mortgage interest - hear hear, but not exactly likely to be popular. One small technical point, by the way - this is not entirely dissimilar to raising marginal rates for the wealthy, if one's extra income would be spent on a larger house that exceeds the ceiling.

6) Convert various deductions, such as that for mortgage interest, into fixed percentage credits - clearly a better approach than current law to items that aren't part of measuring income and that there is no particular reason to offer with higher reimbursement rates for high-income people.

8) Only 4 brackets instead of 6, top rate is 33% instead of 35%, lots of people at 15% - The number of brackets is really no big deal from a complexity standpoint. You just look at the table, and I don't think the tax planning aspects of fewer brackets are enormously significant in practice. Here is the nub of the Commission's political problem, which was built into their instructions rather than something they could help. Only a trivial rate reduction (at least apparently) for all the pain they are proposing to inflict. They couldn't cut rates anywhere near as dramatically as happened in 1986, because they had to use nearly all the revenue to pay for the AMT problem, which is still hypothetical not real for lots of people. We now have a verdict: did the AMT end up making tax reform easier or harder? The answer is harder, because it prevents the Commission from offering a more visible tax rate cut in exchange for the base-broadening.

9) Simplified and larger tax-free savings plans, with refundable credits for low-income savers. In general, I'd give this the thumbs up except that I am worried (even with the reduced mortgage interest deduction) about the following arbitrage: borrow against your home and get the credit, invest tax-free in the plans. Result: no more net saving, but the Treasury in effect writes you a check.

I wonder about how the revenue estimators treated the tax-free savings accounts, in determining that the plan is revenue-neutral relative to current law (as modified to extend the Bush tax cuts). I have a sickening suspicion that the estimators might have been told to look only ten years ahead, thus omitting the huge revenue losses in the out years from tax-free withdrawals. (My apologies to the Commission staff if I am wrong about this.) The real hilarity here, if you will, would come from the use of 10-year estimating to ignore the long-term cost, when the Bush Administration so recently was insisting on infinite-horizon forecasting of Social Security.

By the way, I wouldn't bet a nickel on the government's claim (if this plan were to be enacted) that the withdrawals will actually be tax-free. Fast forward ahead to 2020, if you will, when someone who is financially well-off is withdrawing funds from her huge tax-free savings account. Add in the detail that the government might be in desperate fiscal trouble, scrambling to renege on as little as possible of its near-term Social Security and Medicare commitments. What are the odds that the withdrawal will really be tax-free, no matter what Congress said in 2006 or so?

10) Now we get into the really complicated part. Two alternative plans for individuals:

a) No dividend tax, 8.25% capital gains tax on selling corporate stock, interest is taxed like wage income (i.e., up to 33%).

Although the Times account doesn't make this entirely clear, I am guessing this is matched with business taxation plan a: corporations get to deduct interest (though not dividends) and have economic depreciation as under a well-designed income tax.

I am not thrilled with this option. It leaves the debt vs. equity, interest vs. dividend distinction for companies to play games with, stripping out all the interest to go to tax-indifferent parties - unless the plan stops this somehow in a manner not clear to me at the level of detail in the Times article.

To my mind, the only reason for the capital gains tax on selling corporate stock is optics, IF we can be reasonably confident of taxing economic income reasonably broadly at the corporate level.

Or alternatively:

b) 15% tax rate for individuals on interest, dividends, and capital gain. Companies get to expense their investments, but no interest deduction.

Here the interest vs. dividend distinction, a much bigger thorn in the side of the income tax than is generally recognized, is greatly reduced. But note that there is still a double tax on corporate investment, extended to cover both debt and equity investment. And equity is still better than debt, from a tax standpoint, because companies don't have to pay out the dividends and give their investors the tax hit. (Assuming that the debt vs. equity distinction as applied tracks with whether there is mandatory income recognition at the owner level.)

I suspect that this plan is dead on arrival. The Commission was unable to come up with a politically feasible plan. I don't blame them for this, as I don't think I could have done any better given the constraints under which they had to work. The killer, politically (although it would have had little hope anyway) was having to impose visible base-broadening in exchange for tax reductions that were much less visible than rate reductions because they involved the AMT.

The result could be another bad setback for the tax reform cause, killing the issue until the next time around.

For the Bush Administration, this is certainly not the magic bullet to restore those sinking poll ratings. I would not be surprised if they were to bury this plan under the heaviest rock they can find.

UPDATE: To no one's surprise, business interests have begun lobbying against the Tax Reform Commission's report, without even waiting for it to be issued.

501 comments:

If tax is being levied at the corporate level, the underlying profits are being taxed. One could think of the corporate tax as indirectly paid by the shareholder (without regard to economic incidence, which would be the same issue even if directly paid by the shareholder).

Hi, just came across your fha home mortgagemavericksonline blog. What a great site. I also have a site relating to the fha home mortgagemavericksonline niche that I think your readers would be interested in. Would love you to stop by for your feedback

Hello,Great blog with some useful info on stated income home equity line of credit. I have a stated income home equity line of credit themed site you and your visitors might find interesting. I'd love for you to check it out.

Hey, you have a great blog here! I'm definitely going to bookmark you! The information and Internet marketing product evaluations that you provide are great for beginner webmasters.

Now, I have a related make money searching the web site/blog. It pretty much covers make money searching the web related stuff. In addition, I supply the secrets that I used to make $12,124 from Google Adsense last month.

Now a days more and more people are presenting their properties on the Internet, where the buyers are searching online its called as For Sale By Owner . The majority of purchasers check the Internet before they buy. This is the main media for selling your home or property. Photographs of your home, both inside and out, can be included so that the buyers can take a look around FSBO From Cris Rock

AWEsome blog you have here...I appreciate you allowing comments as I do on my blogs. I have some articles and information about life insurance that you could perhaps use at my Term Life Insurance Quote website blog: Term Life Insurance Quote...best regards

Hey, you have a great blog here! I'm definitely going to bookmark you!I have a make computer run fastermake computer run faster site/blog. It pretty much covers make computer run faster Problems with your Windows Xp Computing !Come and check it out if you get time :-)

I have some really good websites below that can help you with credit repair and legal law forms.You can also check out the news section at "Latest Legal Articles"

Preparing legal documents has never been easierwith our library of forms, agreements, and checklists. It is valuable to small and growing businesses and entrepreneurs.

Have you ever needed a legal form but didn't know where to get one? Have you ever wanted to cover yourself in a legal agreement or make sure that those you love are protected? FastLawForms.com is an easy to use online legal forms provider that can and will save you thousands of dollars of lawyer's fees every year.www.fastlawforms.com

Repair your own credit , Credit Repair is an ongoing matter for many consumers. Consumers have paid up to $500 or more to credit repair companies who follow this same process to remove their credit errors. Without credit you can't get a car, travel, loan money, or even get mortgage.

Have you been victimized by credit repair companies? Many companies promise or guarantee to clean up your credit report so you can get a car loan, a home mortgage, insurance, etc. In reality, they can't deliver what they promise. You pay them hundreds dollars in fees and these companies do nothing to improve your credit. Many of them just disappear.

Everything a credit repair companies can do for you, you can do for yourself at no cost. No one can do a better job in repairing your own credit as you can. You are the only one responsible to make sure your credit report is accurate. Our guide will help you every step of the way.

www.governmentgrants.fastlawforms.comIf your application for credit is denied due to information supplied by a credit bureau, the company you applied to must be liable to provide you with that credit bureau's contact information. Furthermore you are entitled to a free copy of your credit report if you've been denied credit within the last 60 days

Disputing credit mistakes or outdated items is free. Just ask the credit reporting agency for a dispute form or submit your dispute in writing, attach any supporting documentation. Always send them a copy instead of the original

Hello, I just stumbled across your blog as I was doing a search on the phrase based business home marketing, and I just wanted to say that I really like what you've done with your blog, even though it wasn't particularly related to what I searched for, and that I appreciate your postings. I've recently started a based business home marketing website that you may be interested in visiting if you get a chance. Much success, Eric.

Considering free gift checking ? You'd do better by checking out Fee Free Bank .com . At least a $25 bonus for opening a new account, with bonuses as high as $1,500 ! You save more and get a higher interest rate to make YOUR money work for YOU.

I just came across your blog about **keyword** and wanted to drop you a note telling you how impressed I was with the information you have posted here. I also have a web site & blog about **keyword**. Your site is top-notch! Keep up the great work, you are providing a great resource on the Internet here.jacksonville home equity loan

Hello! What at great blog you have going. I'm new to blogging and I am trying to build up my visitors. I blog about marketing services. I am also offering the eBook "Adsense Empire" to my visitors.... Stop by & get your copy today

I just came across your blog and wanted to drop you a note telling you how impressed I was with the information you have posted here.I also have a web site & blog about work at home so I know what I'm talking about when I say your site is top-notch! Keep up the great work!

Hi there! While out blog surfing today for specific info on airline credit card, I ended up on your page. Your site shows that I ended up a little off base, but I am certainly glad I stopped by. I will bookmark your site for a future visit, and should you ever need it, there is plenty of information on this site about airline credit card.

I just came across your blog and wanted to drop you a note telling you how impressed I was with the information you have posted here.I also have a web site & blog about auto insurance quote so I know what I'm talking about when I say your site is top-notch! Keep up the great work!

I was just searching blogs,and I found your site, Friend! I like it!Please accept my compliments and wishes for your happiness and success.If you have a moment, please take a look at my site:business womenIt pretty much covers business women related issues.All the best!

Congratulations Friend for your excellent blog on ways for teenagers to make money!Keep up the good work!If you have a moment, please visit my site: ways for teenagers to make money I send you my warm regards and wish you continued success.Have a nice day! :-)

I just came across your blog and wanted todrop you a note telling you, Friend, how impressed I was with it.I give you my best wishes for your future endeavors.If you have a moment, please visit my site: Job for Teenage GirlIt covers Job for Teenage Girl related contents.All the best!

Hi, Fellow!I like your blog!I just came across your blog and wanted todrop you a note telling you how impressed I was with the information you have posted here.I have a make money taking photossite. It pretty much covers make money taking photos related subjects.Come and check it out if you get time :-)Best regards!

I just came across your blog and wanted todrop you a note telling you, Friend, how impressed I was with it.I give you my best wishes for your future endeavors.If you have a moment, please visit my site: make money taking photosIt covers make money taking photos related contents.All the best!

Congratulations Friend for your excellent blog on best odds to make money!Keep up the good work!If you have a moment, please visit my site: best odds to make money I send you my warm regards and wish you continued success.Have a nice day! :-)

Well I just got back from karate and I am so tired. I am currently doing some research for school and stumbled across your blog. Which cracks me up really. The internet can certainly bring you in the wrong direction. Even though your blog is not completely related I think your doing a great job. I have read back through the archives and lots of people make some very valid points. Well I have been on-line forever it seems. I need to continue to plug away at amarillo cost health insurance low tx. If you have the energy swing by our site. I try to update my site weekly and maybe you will see something you like. I already snagged your URL and put it in my favorites. If you do not mind I will be back again. Great job! Sincerely amarillo cost health insurance low tx.

Hi,I came past your site while I was searching through Blogger, it is not really the information I was after about Internet Business but I did stay to read your blog and found it interesting and well done, I do like what you have done with your site. Keep up the good work and hopefully I will visit again sometime and also find the information on Internet Business that I was looking for in my travels.Regards,

I just came across your blog and wanted todrop you, Blogger, a note telling you how impressed I was with the information you have posted here.If you have a moment, please visit my site: Make Easy MoneyIt covers Make Easy Money related contents.I send you warm regards and wish you continued success.

Hi Fellow! I was just searching blogs,and I found your site! I like it!If you have a moment, please visit my site: best odds to make moneyIt covers best odds to make money related contents.All the best!

Hi, Fellow!I like your blog!I just came across your blog and wanted todrop you a note telling you how impressed I was with the information you have posted here.I have a businesssite. It pretty much covers business related subjects.Come and check it out if you get time :-)Best regards!

I just came across your blog and wanted to drop you a note telling you how impressed I was with the information you have posted here.I also have a web site & blog about in investing market stock so I know what I'm talking about when I say your site is top-notch! Keep up the great work!

Saaaweet blog! Do the chickens have large talons? Sorry for Napolean Dynamite quote but I am in a awesome mood today. Also I love to see blogs that are very useful and your blog falls right into that catergory. I took the time to add you to my favorites. Hey you might want to do the same for I update my website with new articles and data monthly. Blah, maybe you don�t! Anyways, have a great day and again AWESOME blog! Again, thanks from life insurance policy for child.

Hi, Fellow! I like your blog!I just came across your blog and wanted todrop you a note telling you how impressed I was with the information you have posted here.I have a web master make moneysite. It pretty much covers web master make money related subjects.Come and check it out if you get time :-)Best regards!

If you struggle with bad credit, credit card debt, or are facing bankruptcy, our bankruptcy/dect counselling resources can help you understand your finances better and help you improve your financial standing. If your site is of simmilar interest contact me and link sites.Debt Resources Services.

I was just searching blogs,and I found your site, Friend! I like it!Please accept my compliments and wishes for your happiness and success.If you have a moment, please take a look at my site:apr home equity credit lineIt pretty much covers apr home equity credit line related issues.All the best!

Debt reduction can be done in many ways. A recent method being used is to buy some debt reduction software. You can purchase debt reduction software online or at a computer software store. The software usually comes with a debt reduction calculator to help you decipher how quickly your debt will be paid off in accordance to your monthly balance payments. Similarly, there are also debt reduction books you can purchase at your local bookstore. The best route for help with debt reduction is to go to see a credit counseller or a debt reduction counseller. repaymentDebt Resources Services.

I just came across your blog and wanted todrop you, Blogger, a note telling you how impressed I was with the information you have posted here.If you have a moment, please visit my site: work at home business ideaIt covers work at home business idea related contents.I send you warm regards and wish you continued success.

I just came across your blog and wanted todrop you, Blogger, a note telling you how impressed I was with the information you have posted here.If you have a moment, please visit my site: work center secure pro businessIt covers work center secure pro business related contents.I send you warm regards and wish you continued success.

Online debt consolidation information is availiable through many internet sources that specialize in assisting many American households in managing or eliminating their outstanding debt.If your site is of similar interest contact me and link sites.Debt Resources Services.

Many reputable debt management companies can help you deal with your debt problems. You can work with a credit counsellor to create your own plan to pay off bills.debt help loan studentDebt Resources Services.

With personal debt in the US at an unprecidented level, the good news is that help is at hand for those carrying the burden, in the form of the US Debt Help Manual, produced by the (PRWEB) October 2005__The US Debt Help Manual, produced by The Debt Counsellors. is a free, no_nonsense guide.If your site is of similar interest contact me and link sites.Debt Resources Services.

Debt elimination services can help consumers who have more debt than they can manage look into options of reducing or negating that debt. When searching for debt elimination, consumers should seek an agency that offers debt counselling and guidance based on an individual's unique circumstance. counselorsDebt Resources Services.

Hello really enjoyed reading your blog/site about HomeBusiness and found quite a bit of great information and will bookmark your site so I don't miss out on anything in the future. Also if you would like MasterResaleRights to Hundreds of Niche Products worth $3000 for only $29.95 then go here http://www.incomecash.info and check it out! And thanks again for that great blog.

Blog is informative. Don't stop. This may be of interest to you information about California mortgage refinancing http://thehomemortgageguide.com Need Information on purchasing a home? California mortgage refinancing

Hi Blogger! I like your blog! Keep up thegood work, you are providing a great resource on the Internet here!If you have a moment, please take a look at my site:standard federalIt pretty much covers standard federal related issues.Best regards!

Hi, Fellow! I like your blog!I just came across your blog and wanted todrop you a note telling you how impressed I was with the information you have posted here.I have a stockssite. It pretty much covers stocks related subjects.Come and check it out if you get time :-)Best regards!

I was just searching blogs,and I found your site, Friend! I like it!Please accept my compliments and wishes for your happiness and success.If you have a moment, please take a look at my site:wells fargo home equityIt pretty much covers wells fargo home equity related issues.All the best!

Hi, thanks so much for every little bit of information you have provided here. I constantly look up all information concerning christian online home business opportunity I'm amazed by how much I can earn online :-) Thanks again. christian online home business opportunity

All I can say is WOW! The other half and I just got back from our friends house (well her friends house) and I needed a huge break. I am working on a project right now that is based on guaranteed insurance life policy. I have literally been on-line for 2-3 hours doing research. Even though your blog really isn�t on the same page as guaranteed insurance life policy I am certainly glad I came across your blog. There are a ton of great view points on this blog. Well I think I can here the kids screaming in the background. I put you in my internet favorites and I will certainly come back and visit. If you want to take a peek at my site you can find me here at http://www.lifeinsurance-policy. I update my site very frequently. Again, great job blogging and I will be back again soon!

Hi there...nice blog. When I was out blog surfing looking for detailed info on mortgage amortization I found your page. Your site is not an exact match but it did catch my interest. Should you ever need information on mortgage amortization then drop by the site above and check it out.

Hi, Fellow! I like your blog!I just came across your blog and wanted todrop you a note telling you how impressed I was with the information you have posted here.I have a equity one line of creditsite. It pretty much covers equity one line of credit related subjects.Come and check it out if you get time :-)Best regards!

Hi Blogger! I like your blog! Keep up thegood work, you are providing a great resource on the Internet here!If you have a moment, please take a look at my site:rhode island home equity loanIt pretty much covers rhode island home equity loan related issues.Best regards!

Hi Blogger! I like your blog! Keep up thegood work, you are providing a great resource on the Internet here!If you have a moment, please take a look at my site:ratioIt pretty much covers ratio related issues.Best regards!

Congratulations Friend for your excellent blog on work home business opportunity!Keep up the good work!If you have a moment, please visit my site: work home business opportunity I send you my warm regards and wish you continued success.Have a nice day! :-)

Hi there! While out blog surfing today for specific info on online mortgage, I ended up on your page. Your site shows that I ended up a little off base, but I am certainly glad I stopped by. I will bookmark your site for a future visit, and should you ever need it, there is plenty of information on this site about online mortgage.

I was just searching blogs,and I found your site, Friend! I like it!Please accept my compliments and wishes for your happiness and success.If you have a moment, please take a look at my site:work home business opportunityIt pretty much covers work home business opportunity related issues.All the best!

Sad to say I just got back from a bowling tournament and decided to log in and do some websurfing. I love your blog. It had some very good laughs. I am doing a paper on primerica life insurance policy and have been downloading information for the last hour. I don�t know how I came across your blog but I am glad I did. It has set me back a little because I have spent the last hour reading your archives. If you don�t mind I would like to add you to my favorites so I can back again and read some more. Well I need to get back to primerica life insurance policy. I am almost finished with it. Great job.

I was not sure to expect when I visited your blog. Well I think the information on this blog is great. I have my own blog and I wish I got half as many constructive comments as your blog does. Anyways, I am a teacher at a University and I am always doing research on various topics. This weeks topic relates 100% to your blog. I already bookmarked you for future use. If you want to exchange information I will leave my link at the bottom of this. If you don�t mind I will add my 2 cents to this blog topic once in awhile. Although most of the time I just like to read and see what other people�s thoughts are! (hey I am a teacher!)Thanks again!card credit online processing.

Hello Friend! I just came across your blog and wanted todrop you a note telling you how impressed I was with the information you have posted here.I also have a web site & blog about work from home internet business so I know I'm talking about when I say yours is top-notch! Keep up thegreat work, you are providing a great resource on the Internet here!If you have a moment, please visit my site work from home internet businessBest success!

The primary information management concern in the enterprise today is to ensure that the knowledge necessary to drive critical business processes is available where it needs to be, when it needs to be. The costs of failing to do this are high.Link to my site: data file recovery software

Hello Friend! I just came across your blog and wanted todrop you a note telling you how impressed I was with the information you have posted here.I also have a web site & blog about work from home internet business so I know I'm talking about when I say yours is top-notch! Keep up thegreat work, you are providing a great resource on the Internet here!If you have a moment, please visit my site work from home internet businessBest success!

I Loan Resource is your 411 on getting the loan and the best rate. If you are looking to refinance your home, get a new home loan or just using your equity to consolidate your debt then I Loan Resoure can help you find the right lender. mortgage

All I can say is WOW! The other half and I just got back from our friends house (well her friends house) and I needed a huge break. I am working on a project right now that is based on compare home owner insurance. I have literally been on-line for 2-3 hours doing research. Even though your blog really isn�t on the same page as compare home owner insurance I am certainly glad I came across your blog. There are a ton of great view points on this blog. Well I think I can here the kids screaming in the background. I put you in my internet favorites and I will certainly come back and visit. If you want to take a peek at my site you can find me here at http://www.homeowner-insurance-quote.com. I update my site very frequently. Again, great job blogging and I will be back again soon!

I just came across your blog and wanted todrop you, Blogger, a note telling you how impressed I was with the information you have posted here.If you have a moment, please visit my site: ppecuIt covers ppecu related contents.I send you warm regards and wish you continued success.

Congratulations Friend for your excellent blog on sacramento home equity loan!Keep up the good work!If you have a moment, please visit my site: sacramento home equity loan I send you my warm regards and wish you continued success.Have a nice day! :-)

Many Child Care Providers charge a supply fee each year for children; others factor in materials into their weekly or monthly costs. But supplies are expensive, and whether it is a seperate fee or not, smart shopping is imperitive to make those dollars strech as far as possible. Here are some money saving tips or ideas from Child Care Providers and parents alike.Link to my site: child care fort worth

Online mortgage lending is a growing field that is starting to seriously compete with traditional �in person� lenders. The process is relatively easy. The important thing to remember is to make sure your know the ins and outs of any and all online home mortgage loans prior to submitting your personal information.In some cases, you�ll find online mortgage lending fees can be much cheaper than traditional �in person� lenders.Further, when it comes to online mortgage lending you may discover a greater range of mortgage loan programs available. Among the highlights of these programs may be lower rates of interest and flexible repayment terms.Also, borrowers with a bad credit history may find online mortgage lending to be the answer to their prayers. In most cases, web-based lenders offer more alternatives to those with less than desirable credit ratings. Finally, online mortgage lending can shave a ton of time off of the traditional �in person� route and having to wait (what might be several days) to be approved. The bonus here is if you don�t get approved the first time, you can apply to another lender right away and like the first time, you�ll get your answer quick

I just came across your blog and wanted todrop you a note telling you, Friend, how impressed I was with it.I give you my best wishes for your future endeavors.If you have a moment, please visit my site: best equity home loan rateIt covers best equity home loan rate related contents.All the best!

Hi, I was looking for information in reguards to the new bankruptcy laws on and read your site. Not exactly what I needed but it drew my attention. Many people get into trouble with and the new laws may not help them the way they expect. Anyway thanks for the read.

Hi Blogger!I like your blog! Keep up thegood work, you are providing a great resource on the Internet here!If you have a moment, please take a look at my site:work from home business opportunitiesIt pretty much covers work from home business opportunities related issues.Best regards!

I just came across your blog and wanted todrop you, Blogger, a note telling you how impressed I was with the information you have posted here.If you have a moment, please visit my site: work from home business ideaIt covers work from home business idea related contents.I send you warm regards and wish you continued success.

Hey Fellow, you have a great blog here! I have a website & blog about second mortgage debt consolidation.Yours is top-notch!If you have a moment, please visit my sitesecond mortgage debt consolidationI wish you all the best!

Hey Blogger, you have a great blog here! I'm definitely going to bookmark you!I have aequity vs line of credit site. It pretty much covers equity vs line of credit related subjects.Come and check it out if you get time :-)Best regards!

Hey Blogger, you have a great blog here! I'm definitely going to bookmark you!I have arent credit lines site. It pretty much covers rent credit lines related subjects.Come and check it out if you get time :-)Best regards!

Search engines acount for 90% of all web traffic! In the offline world it's all about "location, location, location". Put your business were people crowd around and your on your way to sucess.Link to this site: small business tax informationhttp://small-businesses.info/

I have just bookmarked you,Top Blog! Finding the right Home Equity or Refinance Loan can be quite frustrating. I found 2 sites that make the process quite painless. Centex Home Equity & http://www.findlowermortgagerates.info

Hi, Fellow!I like your blog!I just came across your blog and wanted todrop you a note telling you how impressed I was with the information you have posted here.I have a uk debt managementsite. It pretty much covers uk debt management related subjects.Come and check it out if you get time :-)Best regards!

I just came across your blog and wanted todrop you a note telling you, Friend, how impressed I was with it.I give you my best wishes for your future endeavors.If you have a moment, please visit my site: wachovia personal bankingIt covers wachovia personal banking related contents.All the best!

I was just searching blogs,and I found your site, Friend! I like it!Please accept my compliments and wishes for your happiness and success.If you have a moment, please take a look at my site:tax debtIt pretty much covers tax debt related issues.All the best!

Well I just got back from the gym and I am beat. I am currently doing some research on mercury home owner insurance and stumbled across your blog. Which cracks me up really. The internet can certainly land you off base sometimes. Even though your blog is not completely related I think it is a cool blog. I have read back through the archives and lots of people make some very good points. Well I have been on-line forever it seems. I need to continue to plug away at mercury home owner insurance. If you have the energy swing by http://www.homeowner-insurance-quote.com. I try to update my site weekly and maybe you will see something you like. I already snagged your URL and put it in my favorites. If you do not mind I will be back again. Great job!

You Can't Do It All.Learning to delegate, there is not a single management skill more critical to your personal and professional success as an entrepreneur than learning to delegate, but delegating successfully is much more than simply handing out assignments.Link to this site: business career information managementhttp://www.management-faq.info/

As a special token of my appreciation for all your kind help and the wonderful business you have sent my way---I want to give you a free gift.It is called the "$25000.00 Idea". It will help you in all your endeavors.Click here: FREE GIFT

I dig your blog. How long has it been on-line? Reason I ask is I am doing a ton of research in the area of airline card credit and will probably end up starting a blog of my own. Funny how the internet brought me here when I was doing searches on airline card credit. Oh well, I am glad it did. Keep up the great blogging and I am sure I will visit your blog again!! I mean I know I will stop by again.I also sent it off to a good friend of mine.

p.s added you to my favorites take a moment to stop by airline card credit for I update it frequently

I just came across your blog and wanted todrop you, Blogger, a note telling you how impressed I was with the information you have posted here.If you have a moment, please visit my site: used new autos for saleIt covers used new autos for sale related contents.I send you warm regards and wish you continued success.

Well I have a few vacation days this week and what better way to spend it surfing through blogs! I actually do this a ton to get ideas for my own blog site that I run on chiropractic consolidation debt loan student. It seems that you keep your blog up to date and get some very good posts from users all over the place. If you don�t mind I added you to my web favorites and you may want to grab my website and do the same. I am a real busy dad but I do try to keep my site up to date with useful information and informative articles for you to read. Well back to blog surfing. Have a great day and thanks again from, chiropractic consolidation debt loan student

I honestly must say this is one of the most useful blogs I have ever come across. I am not just saying that to butter you up! I am doing my thesis paper for my master degrees and spent the last 12 hours (and 10 cups of coffee) researching this area topic. So many blogs have generic information but yours is different. I can actually apply some of this information to my works. No worries I will give you credit in my references. I took it upon myself to add you to my favorites and will visit back to let you know how my grade ends up. Many thanks!low cost health insurance in ny.

hello ##name##. Living in CA , we are always looking for ways to save us some money on any home in the south.line of credit if you know of a website or relaible business that can help us, please let us know.line of creditthanks

hello ##name##. Living in CA , we are always looking for ways to save us some money on any home in the south.mortgage if you know of a website or relaible business that can help us, please let us know.mortgagethanks

hello ##name##. Living in CA , we are always looking for ways to save us some money on any home in the south.mortgage if you know of a website or relaible business that can help us, please let us know.mortgagethanks

Hi my friend! This is a good blog. I just got back home from shopping with the wife and decided to log in and do some internet surfing.(needed some time to myself if you know what I mean) I came across your blog and really enjoyed it. Not many people keep their blogs up to date and most of the blogs I do fine are not even relevant to the blog topic. I bookmarked your blog for future use. Anyways keep up the awesome work and if you don�t mind I will forward your blog off to a few of my buddies. Thanks a bunch!cost health insurance jersey low new

I am out searching for the latest information on andfound your site. Although it wasn't exactly what I was looking for, itcertainly got my attention and interest. I see now why I found your page when Iwas looking for related information, and I'm glad I stopped by eventhough this isn't a perfect match. Great post, thanks for the read!

Hello,I (student) am enjoying finding my way around the blog and I (student) am picking up loads of hints and tips on the way.. I think what I have seen so far is the greatest source of info I have come across so far.. I look forward to learning more amazing facts in the future.. business start online

I was just searching blogs,and I found your site, Friend! I like it!Please accept my compliments and wishes for your happiness and success.If you have a moment, please take a look at my site:credit centerIt pretty much covers credit center related issues.All the best!

Hi Friend! You have a great blog over here!Please accept my compliments and wishes for your happiness and success!If you have a moment, please take a look at my site: credit centerIt covers credit center related subjects.Have a great day!

Hey Blogger, you have a great blog here! I'm definitely going to bookmark you!I have aloans center site. It pretty much covers loans center related subjects.Come and check it out if you get time :-)Best regards!

Hi there, you have a nice blog. Today I was out blog surfing looking for detailed info on best mortgage rate when I found your page. Your site is not an exact match but it did catch my interest. I am going to add you to my favorite list of blogs for future reading and reference. Should you ever need information on best mortgage rate then drop by the site above and check it out.

Hi, I was looking for information in reguards to the new bankruptcy laws on and read your site. Not exactly what I needed but it drew my attention. Many people get into trouble with and the new laws may not help them the way they expect. Anyway thanks for the read.

I just came across your blog and wanted todrop you, Blogger, a note telling you how impressed I was with the information you have posted here.If you have a moment, please visit my site: loans centerIt covers loans center related contents.I send you warm regards and wish you continued success.

Thanks for all the great comments and insights..By the way, are you looking for more information on analysis financial journal quantitative ..If so here is a fantastic resource for everything related to business and analysis financial journal quantitative with information, products, articles and more..Check it out here...corpanalytics.com

About Me

I am the Wayne Perry Professor of Taxation at New York University Law School. My research mainly emphasizes tax policy, government transfers, budgetary measures, social insurance, and entitlements reform. My most recent books are (1) Decoding the U.S. Corporate Tax (2009) and (2) Taxes, Spending, and the U.S. Government's March Toward Bankruptcy (2006). My other books include Do Deficits Matter? (1997), When Rules Change: An Economic and Political Analysis of Transition Relief and Retroactivity (2000), Making Sense of Social Security Reform (2000), Who Should Pay for Medicare? (2004), Taxes, Spending, and the U.S. Government's March Towards Bankruptcy (2006), Decoding the U.S. Corporate Tax (2009), and Fixing the U.S. International Tax Rules (forthcoming). I am also the author of a novel, Getting It. I am married with two children (boys aged 16 and 19) as well as four (!) cats. For my wife Pat's quilting blog, see Patwig’s Blog.